Coronado, Panama

  Coronado, Panama  

Back in the 1940s, Coronado was just a few sleepy ranches alongside an unspoiled stretch of blue Pacific and black-and-white speckled beaches. However, Coronado is now a highly popular beach town on the Pacific coast of Panama.

Located an hour from Panama City, it is on the ‘Arco Seco’ (‘dry arch’) stretch of coastline, so named because of the remarkably low rainfall it receives each year.

For years Coronado has been a getaway for Panamanians in need of a sun-soaked, beach break but recently it has flourished thanks to a thriving expat community that is growing here all the time.

Coronado is one of the more developed beach resorts along the Pacific coast. It caters for most First World needs and those living here can still enjoy many—if not all—the conveniences of life back home…except at a reduced price.

Often regarded as the epicentre of beach life in Panama, property here is affordable and infrastructure is already in place.

There is a Country Club, several full-scale supermarkets, a golf course, a mall, and numerous leisure amenities that you can enjoy, and all for a low cost.

 

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Retire in Coronado, Panama

  Retire in Coronado  

The reasons for retiring in Coronado are easy to find. Firstly, it is a tried-and-tested spot…many IL readers have moved there. Coronado is perfectly suited to retirees.

It has the Pacific Ocean on its doorstep, clean white beaches, malls, extensive 24-hour supermarkets selling all of what you love back home…golfing, a growing expat community, and business ventures if you want an active retirement in Coronado.

Also, you may benefit from the superb pensionado visa which entitles you to discounts of up to 50% at movies, theaters, and other public events, and 10% off medical subscriptions.

The climate is ideal. Temperatures are usually around 85 F and rainfall is consistently low. Expat and local residents here will tell you: it’s striking just how much the community has developed over the past five years.

It’s getting more international and every new transplant brings ideas for fun activities or new businesses to serve residents’ needs. There are opportunities for community service and social outings, and activities ranging from tennis to Mahjong to golf (the golf club here features a championship course designed by Tom Fazio).

 

Lifestyle in Coronado, Panama

  Lifestyle in Coronado, Panama  

Lifestyle in Coronado is typically laidback. It is, after all, a resort. Even the Panamanian elite enjoy vacationing here.

The clement weather and access to all the amenities you desire makes life here relaxed and comfortable.

No more executive stress or driving around like crazy. In this safe, plush beach community you can spend your days bathing in crystalline waters and soaking up the sun all you like.

The locals are friendly and many speak English. The settled expats will make you feel right at home.

And if you still have an entrepreneurial drive then this is the ideal place to open a bar or restaurant to service your fellow residents. Coronado has always been a popular beach destination, but the San Fernando Clinic has really sealed the deal.

The 24-hour clinic opened its doors in October of 2008, and is equipped to offer a wide range of services. It boasts modern medical equipment.

A full-time dentist and ophthalmologist also work out of the clinic, which has English-speaking doctors on staff.

 

Real Estate in Coronado, Panama

  Real Estate in Coronado  

Much of Coronado lies within a large gated area dominated by the Coronado Es Vida development. New property purchases here (and some resales) come with a membership to the Coronado Golf Country Club.

An activation fee plus $200 per month dues get you unlimited greens fees, access to the beach club, and all activities, as well as access to the hotel restaurants and bars, tennis courts, gym, and spa.

If you pay your bill on time (within 30 days) you are also entitled to a 20% discount on all food, retail, and beach rentals.

Coronado offers everything from luxury condos to cozy resale homes to lots of every shape and size, but to save as much as possible, look to neighboring Gorgona. You won’t find a lot of houses on the water, but many of the properties available here are just a five-minute walk to the beach, where gleaming white sands with swirls of glittering black await.

Here are some property samples for real estate in Coronado:

  • A 30-minute drive from Coronado town center, the Las Lajas de Coronado development offers some of today’s best beach bargains. Here, a three-bedroom, two-bathroom home in just over 1,300 square feet of living space sits on a lot of about 2,200 square feet. The gated community has a social area and pool. Price: $132,000.
  • A new, two-bedroom, one-bathroom condo in Gorgona is in a private complex with a gazebo, barbecue area, social area, swimming pool, and a doorman. The unit is about 850 square feet and features an open kitchen and a balcony and comes furnished. Price: $135,000.
 

Cost of Living in Coronado, Panama

  Cost Of Living in Coronado, Panama  

Expats report that the cost of living is low in Coronado. Thanks to the discounts of the pensionado visa, the cost of living here is more affordable.

You can avail of reductions of 25% in restaurants and public events and movies are half price. Eating out is cheap, a decent meal for two in a restaurant will likely just set you back $15.

Many residents hire maids who do a thorough house cleaning. They may charge as little as $15 for the whole service. And a landscape gardener is just $20. Most of the expats you’ll speak to (whether single or living with a partner) budget around $2,500 a month. That’s for nearly all household expenses and entertainment…including rent, utilities, high-speed internet, and excellent cell phone service.

Here's a sample monthly budget for a couple living in Coronado:

 Expense  U.S. $
Rent (two-bedroom apartment or house) $1,100 to $1,800
Electricity (depending on air conditioning use) $60 to $120
Water (often bundled with trash pickup) $12 to $20
Gas for cooking, hot water heaters, dryer, etc. $0 to $10
Supermarket (local and imported food and household items) $350 to $450
Entertainment for two (dinner four times a month) $120 to $250
Phone (cell phone, mostly local use) $10 to $40
Internet (high-speed) $20 to $35
Cable or satellite television $35 to $50
Transportation (taxi or fuel/maintenance on a compact car) $50 to $200
Monthly total: $1,757 to $2,975
 

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From the Archives of Coronado

Live the Laidback Lifestyle in This Popular Beach Town

Live the Laidback Lifestyle in This Popular Beach Town

It's late afternoon on a warm, sunny Panama day and I'm strolling on one of the most mesmerizing stretches of sand I've ever seen. But it's not your typical powder-white sand beneath my toes…instead it's midnight black sand, with swirls of lighter tan mixed throughout. And it almost glistens, like it's covered in tiny twinkling stars.

Discover the Best of Beach and City Living in Panama’s Dry Arc

Discover the Best of Beach and City Living in Panama’s Dry Arc

Best Places
By |
March 2, 2016

The sun is setting, giving the beach a golden glow. Moments ago the water was a cobalt blue, and I could see the tail feathers of the seabirds gliding above. Now a single cormorant bobs close to shore. I kick off my sandals and walk along the surf, letting it roll over my feet. The water is the perfect temperature. A bit cooler than the air around me, it feels refreshing…inviting.

Panama City: A Luxury Lifestyle in the “Hub of the Americas”

Panama City: A Luxury Lifestyle in the “Hub of the Americas”

Panama City—Central America’s true First-World capital—offers the perfect mix of old and new, modern and traditional. Here you can eat in a gourmet restaurant, attend a jazz festival, watch a movie (in English)…do just about anything you would be able to do in many of the First-World cities that we all love. But in Panama City, you can do it all for less. A luxury lifestyle in the “Hub of the Americas” is easy.

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